BREAKING: ₦54.99TRN BUDGET GETS PRESIDENTIAL SEAL AS TINUBU SIGNS 2025 APPROPRIATION BILL

By Jonah Israel 

President Bola Ahmed Tinubu

In a significant move, President Bola Tinubu has signed the 2025 Appropriation Bill into law, paving the way for a massive ₦54.99 trillion expenditure. The signing ceremony took place at the Presidential Villa in Abuja, with the National Assembly leadership and senior government officials in attendance.

The budget, which represents a 99.96% increase from the 2024 budget of ₦27.5 trillion, was passed by the National Assembly on February 13. Initially, President Tinubu had submitted a budget of ₦49.7 trillion, but lawmakers increased it to its current amount.

Here's a breakdown of the 2025 budget:

- Total Expenditure: ₦54.99 trillion

- Statutory Transfers: ₦3.65 trillion

- Recurrent (Non-Debt) Expenditure: ₦13.64 trillion

- Capital Expenditure: ₦23.96 trillion

- Debt Servicing: ₦14.32 trillion

This budget marks a significant fiscal expansion, with increased allocations for capital projects and debt servicing.